RadCasts

MARA wants to have 50% of its operations abroad by 2028. Here’s how they plan to do it.

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Welcome back to The Mining Pod! For today’s Bitcoin Stock Show, MARA’s Chief Strategy Officer Adam Swick joins to discuss the forward-looking plans CEO Fred Thiel mentioned in MARA’s 2024 earnings call. Specifically, Swick unpacks claims that MARA wants to offshore 50% of its operations by 2028 by entering into similar joint-ventures as its Zero Two partnership in the UAE. Swick also speaks to the company’s goal to own more energy-generating assets in the United States and how it would finance such purchases. Finally, why MARA is so hot on the new ASIC manufacturer, Auradine, and whether or not we should expect MARA to enter the inference field for AI compute.

• Mara went from 0% to 70% owned mining assets

• Q4 revenue: $214.4M with lower operating costs

• Target: 50% of operations outside US by 2028

• Wind farm acquisition extends life of older miners

• Auradine partnership delivering quality ASIC miners

• Focus on AI inference rather than training models

Timestamps:

00:00 Start

03:53 MARA lowering OpEx

06:24 Trend toward owned assets

09:01 Zero cost mining

14:17 Debt financing BTC purchases

19:27 Considering power production

22:01 Foreign mining sites

27:08 Has Africa been sufficiently de-risked?

30:25 Free-er energy markets vs controlled

33:57 Auradine

40:40 AI & HPC

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A tense altercation between President Donald Trump, Vice President JD Vance, and Ukrainian President Volodymyr Zelenskyy ensued in the Oval Office today.

The bottom line: The United States of America will not be extorted by a country whose leaders are more interested in what they can get out of the American people than peace.

The point of the meeting? To sign a U.S.-Ukraine mineral deal. Trump is “very tired of subsidizing and paying for far-distant problems when we’re running a $37 trillion national debt,” and this deal would not only offset those costs but also, by inviting “American business into Ukraine, to help rebuild it and to profit … [Russian President Vladimir] Putin will be less eager to attack you if he understands there’s a thriving American concession there,” argues Victor Davis Hanson on today’s edition of “Victor Davis Hanson: In His Own Words.”

“Donald Trump is incurring a lot of criticism lately on the Ukrainian war. He's trying to negotiate an end to the war. Remember, there's probably somewhere around 1.5 million dead, wounded, missing, and captured on both sides, together. That is the largest casualty rate figure total in Europe since the Battle of Stalingrad in 1942 and 1943. In his “Art of the Deal” style he came in and he said some things the last week that got people very angry. I'll just give you two examples. He said that Zelenskyy was a dictator and that he ‘should have stopped the war and never started it.’

“That got people anguished because we know that Vladimir Putin invaded Ukraine on February 24th of 2022. So, why did Donald Trump say that? Of course, he doesn't believe that Zelenskyy started the war because he has campaigned himself on the following narrative: ‘Under George Bush, in 2008, Russia invaded Ossetia and Georgia.

“‘In 2014, under the Obama administration, they invaded the Donbas and Crimea. On February 24th of 2022, under Joe Biden, they tried to take Kyiv. However, of the last four administrations, there was one in which they did not leave their borders to invade another nation—my administration. Why? Because unlike the prior three presidents, I was able to establish deterrence.’”

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This has been the worst flu season in years – on top of threats like RSV, norovirus, and more.

Today, an epidemiologist and data scientist discusses why flu has been surging, how long this sick season will last, and steps to take to stay healthy.

Plus, she explains everything you need to know about the bird flu right now.

Join us again for our 10-minute daily news roundups every Mon-Fri! 

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On the "CBS News Weekend Roundup", host Allison Keyes has fallout from the Trump Administration's expansion of his purging of the federal government. CBS's Caitlin Huey-Burns on how USAID employees reacted as they cleaned out their desks this week, and the effect on a freeze of foreign aid. We'll hear about worries over the first measles death in the U.S. in a decade. In the "Kaleidoscope with Allison Keyes" segment, a look at the morale among federal workers amid firings of tens of thousands.

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